Articles written by Kira Morse

KIRA MORSE, Southwest Montana Community Federal Credit Union|Mar 18, 2026

What is a HELOC? A HELOC, or Home Equity Line of Credit, is a flexible borrowing option for you to access a portion of your home's equity when needed. It allows you to borrow against the equity you've built over time, which is the difference between your home's current market value and the amount you still owe on your mortgage. A HELOC is like a credit card for your home. When you get approved for a HELOC, you can draw from that amount, unlike traditional loans, where you receive a lump sum...